Rofin-Sinar Completes Sale of Medical Laser Business to WaveLight

PLYMOUTH, Mich., Oct. 9 -- Rofin-Sinar Technologies Inc. has completed the sale of the medical laser business segment of Carl Baasel Lasertechnik GmbH & Co. KG, Starnberg (a majority-owned subsidiary of Rofin-Sinar) to WaveLight Laser Technologie AG, Germany.

Under the terms of the agreement, WaveLight Laser Technologie AG will acquire Carl Baasel Lasertechnik's medical laser business of laser systems for aesthetic surgical applications. Micro-applications such as fine cutting and welding or laser marking of surgical components are not part of this agreement. The integration of the medical laser business into WaveLight's corporate structure is expected to be fully accomplished by the end of this year. The location of the medical laser business will remain in Starnberg. Further details of the transaction were not disclosed.

Carl F. Baasel, founder and managing director of Carl Baasel Lasertechnik said, "This is an important step for both companies, as it will enable us to concentrate on our core business of laser micro and marking applications and system solutions for industrial materials processing in the current market environment. Our medical laser portfolio will augment WaveLight's existing business activities - thus, both companies will substantially strengthen their respective market positions."